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Business

S&P maintains Kuwait ‘AA’ rating – Outlook stable

KUWAIT CITY, Aug 5, (KUNA): S&P Global Ratings maintained Kuwait’s credit rating at ‘AA’ with a stable outlook. On its website late Friday, the rating …

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Jazeera Airways announces Q2 results – Company reports double digit growth in operating and net profits and 8-year record in flown passengers

KUWAIT CITY, Aug 2: Jazeera Airways announced its second quarter financial results, reporting an operating profit of KD 2.2 million, up 22.9% from the same …

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Zain Saudi continues to grow, records profitability for second straight quarter – Net profit reaches SAR 53 million for H1 2017

KUWAIT CITY, Riyadh, Aug 2: Zain Saudi Arabia (Zain KSA) reported its second consecutive quarterly net profit and its first ever, half year net profit …

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Kuwait bourse extends losses in volatile trade – Mabanee Co sheds 10 fils; KFH gains

KUWAIT CITY, Aug 2: Kuwait stocks headed south on Wednesday extending its losses to second straight session. The price index dipped 18.72 pts in volatile …

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BP sees oil prices below $55 in 2018 – Global demand to grow by 1.4-1.5 mln bpd

LONDON, Aug 1, (Agencies): BP expects global oil prices to hold within a range of $45-$55 a barrel next year as US shale production grows, …

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Global reports KD 2.7 mn net profit for H1 – Total revenues reach KD 8.4 million

KUWAIT CITY, Aug 1: Global Investment House (“Global” or the “Company”), a regional asset management and investment banking firm headquartered in Kuwait, with offices in …

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Kuwait stocks ‘kick off’ month on sluggish note – Ooredoo dips 31 fils; NBK gains

KUWAIT CITY, Aug 1: Kuwait stocks pulled lower on Tuesday as it kicked off the month on a tepid note. The price index dropped 8.95 …

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Kuwait index rebounds amid uptick in volume – NAPESCO soars 100 fils; Zain dips

KUWAIT CITY, July 31: Kuwait stocks rebounded on Monday, stemming the two-day pull back. The price index climbed 53.38 points in volatile trade to 6,851.62 …

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OPEC oil output jumps to 2017 high – Survey cites further recovery in supply from Libya

LONDON, July 31, (RTRS): OPEC oil output has risen this month by 90,000 barrels per day (bpd) to a 2017 high, a Reuters survey found, …

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Consumer sector stabilizing following 2016 ‘slowdown’ – Confidence remains weak in 2017

The consumer sector is seen stabilizing so far in 2017, following significant moderation in the previous year. Despite robust household income and employment growth, most …

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